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Find all the economic and financial information on our Orishas Direct application to download on Play StoreAlthough gains have been limited by increased production from other producers and caution about potential market volatility in the run-up to the elections, oil prices have risen on Monday, helped by the peak in consumption expected this summer and OPEC+ production cuts.
Around 13:36 GMT, Brent crude oil futures rose by 69 cents, or 0.81%, to $85.69 per barrel. West Texas Intermediate (WTI) U.S. crude oil futures rose 59 cents, or 0.72%, to $82.13. Both contracts gained around 6% in June, with Brent rising above $85 per barrel over the past two weeks after the Organization of Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, extended most of their major cuts in oil production until 2025
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